RiskSpan releases credit risk model built for non-QM loans

Gov. Kathy Hochul signed an executive order Tuesday to impose a yearlong ban on data center construction, making New York the first state to block the development of large-scale server farms. The moratorium deals a blow to New York’s $10B data center pipeline, much of which is still in the early stages of planning and development. Gov. Kathy…

Feathery, which calls itself an artificial intelligence operating and decisioning system for financial services, announced that it has raised $30 million in total funding, which includes its recently completed Series A, led by Portage Ventures, with participation from Index Ventures, Allstate Strategic Ventures, Clocktower Ventures, Erie Strategic Ventures and Bain Capital Ventures (it raised a…

Banks are automating GenAI testing, but scope varies widely – Risk.net Skip to main content End of drawer navigation content Risk Benchmarking: LLM-as-judge offers model testing at scale, but few lenders use it to facilitate autonomous sign-off This piece is part of a series benchmarking bank model risk management practices. Risk Management subscribers can view…

CME Group said Thursday that it has launched a broad-based Agriculture Index designed to provide a unified price benchmark tracking the aggregate performance of five sectors central to the global farm economy. The index integrates futures prices across Grains, Oilseeds, Livestock, Dairy and Lumber, and will be updated on a monthly basis.  CME Group said…

Mortgage rates moved higher this week, as Treasury yields moved off of last week’s low as investors had concerns not just over the Iran ceasefire but also inflation. Processing Content The 30-year fixed rate mortgage averaged 6.49% as of July 9, the Freddie Mac Primary Mortgage Market Survey reported. This was up from last week…

Plans for a nearly $20B data center campus in North Carolina are on ice as local lawmakers consider a development moratorium.  The Edgecombe County courthouse in Tarboro, North Carolina Energy Storage Solutions has withdrawn its offer to buy the 28 acres for the project inside a massive shovel-ready site identified by the state for fast-tracked…